Meta Soars by Most in Decade Adding $100 Billion in Value
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Meta loses $200 billion in value as Zuckerberg focuses earnings call on all the ways company bleeds cash
Meta CEO Mark Zuckerberg spooked investors on the company's quarterly earnings call Wednesday.CNBC - Business -
Buyout Shop GTCR's Take-Private Deal Values AssetMark at $2.7 Billion
The private-equity firm is buying out majority owner Huatai Securities, which acquired the wealth management company in 2016.The Wall Street Journal - World -
Meta value falls $190bn as investors react to plan to increase spending on AI
Shares slumped 15% after Mark Zuckerberg said AI spending would have to grow before Meta could make much revenue from products. Business live – latest updatesShares in Meta slumped 15% when Wall Street opened on Thursday, wiping about $190bn off ...The Guardian - World -
Tesla Earnings Report: Revenue Fell to $21.3 Billion, Adding to Strategy Concerns
The first-quarter results are likely to fuel worries that competitors will continue grabbing a bigger slice of a market dealing with slowing electric car sales.The New York Times - Tech -
Meta Says It Plans to Spend Billions More on A.I.
Along with the higher spending, the owner of Facebook, Instagram and WhatsApp projected lighter-than-expected revenue, causing its stock to plummet.The New York Times - Top stories -
Meta Says It Plans to Spend Billions More on A.I.
Along with the higher spending, the owner of Facebook, Instagram and WhatsApp projected lighter-than-expected revenue, causing its stock to plummet.The New York Times - Business -
What Is TikTok Worth? Some Say $20 Billion, Others Say $100 Billion
The answer depends partly on whether TikTok bundles the U.S. and international businesses, and if it includes its coveted algorithm.The Wall Street Journal - Tech - Tiktok -
Meta's Reality Labs posts $3.85 billion loss in first quarter
Mark Zuckerberg's bet on the metaverse continues to be a money-bleeding endeavor, with the unit reporting billions of dollars in losses every quarter.CNBC - Business -
Alphabet soars 10% on strong earnings, first-ever dividend, $70 billion buyback
Alphabet shares shot up Friday after the company posted better-than-expected first-quarter results and greenlit its first-ever dividend along with a buyback.CNBC - Business -
Mark Zuckerberg's net worth plummets by more than $18 billion in Meta stock drop
Meta shares plunged on Thursday, bringing down Mark Zuckerberg's net worth, after the CEO told Wall Street about the many ways his company is losing money.CNBC - Business -
Canary Wharf offices lose £900mn of value
Docklands financial estate secures backing from lenders for £550mn debt deal against backdrop of falling valuationsFinancial Times - Business -
Togo president seeks to extend family rule into seventh decade
West African nation goes to polls after constitutional amendment that will allow Faure Gnassingbé to retain powerFinancial Times - World -
Europe turns on China’s Nuctech after decade of awarding security contracts
Security equipment supplier’s machines are widely used at borders around the continent under public contractsFinancial Times - World - China -
Four decades in, the Pet Shop Boys know the secret to staying cool
Forty years and 50 million record sales after the Pet Shop Boys rose to fame with “West End Girls,” the iconic British duo is releasing a new albumABC News - Entertainment -
Ads for Explicit ‘AI Girlfriends’ Are Swarming Facebook and Instagram
WIRED found thousands of ads running on Meta’s social platforms promoting sexually explicit “AI girlfriend" apps. Some human sex workers say the platform unfairly polices their own posts more harshly.Wired - Tech - Facebook -
NBA playoffs: Who's had the most impressive start to the postseason? Most surprising?
Our NBA writers weigh in on the first week of the playoffs and look ahead to what they're watching as the series shift to crucial Game 3s.Yahoo Sports - Sports - NBA -
15 Looks That Did the Most at Coachella
The music festival had plenty of memorable fashion. Most (but not all) of it was ostentatious.The New York Times - Lifestyle -
CVC Soars in of Amsterdam Trading Debut
CVC shares rose 24% on the first day of trading on Amsterdam’s stock exchange, after the buyout firm priced its IPO at the mid point of its previously guided range, implying a market capitalization of $15 billion.The Wall Street Journal - World -
USDA updates rules for school meals that limit added sugars for the first time
U.S. agriculture officials announced new nutrition standards for school meals that will limit added sugars for the first timeABC News - Health -
Alsobrooks drops Senate ad featuring top Maryland Democrats
Maryland Senate candidate Angela Alsobrooks (D) released a new ad on Thursday featuring top Democrats from the Old Line State as she vies for the seat against Rep. David Trone (D-Md.) in the Democratic primary. “We know Maryland,” says Gov. Wes ...The Hill - Politics -
Netflix Added More Than 9 Million Subscribers in First Quarter
The company’s revenue was 15 percent higher compared with last year, and it solidified its standing as the entertainment company’s dominant streaming service.The New York Times - Tech - Netflix -
Riding in an Uber in NYC Could Soon Come With a Side Order of Ads
Ads, ads, everywhere--even in your rideshare.Inc. - Business -
Up to 100 pilot whales stranded in Western Australia
Yahoo News - World - Australia -
NFL Draft: Revisiting the NFL's top non-quarterback first-round trades over the last decade
These trades shaped the futures of several clubsCBS Sports - Sports - NFL -
Garry's Mod Dev Asks Players To Help Delete Decades Of Nintendo-Related Content
Nintendo's copyright lawyers are getting busy again, this time taking aim at decades worth of Nintendo-related content for Garry's Mod. The developers have said they're taking items down, but have requested players help by "deleting [their] ...GameSpot - Tech -
2024 Fantasy Baseball: Week 5 trade values chart and rest-of-season rankings for H2H and Rotisserie leagues
The trade values chart aims to help you make the best value trades you canCBS Sports - Sports -
Trump Respects Women, Most Men Say
Women do not see it that way, and that could matter this fall.The New York Times - Top stories - Donald Trump -
The 3 most affordable borrowing options right now
Interest rates are elevated, but there are still affordable lending options to consider if you need to borrow money.CBS News - Top stories -
The New Most Dreaded Word at Work: 'Hey'
Instant messages with nothing more than a quick greeting—known as “hey hanging”—spark office anxiety. “Am I fired? Am I in trouble?”The Wall Street Journal - World -
With Temperatures Soaring, Gazans Swelter in Makeshift Tents
The tents that failed to keep out the cold when many Gazans first fled their homes have now become suffocating as highs surpass 100 degrees Fahrenheit.The New York Times - World -
CVC Soars in First Day of Amsterdam Trading
CVC jumped on the first day of trading on Amsterdam’s stock exchange, after it priced its IPO at the mid point of its previously guided range, implying a market capitalization of $15 billion.The Wall Street Journal - Business -
The Meta-morphosis of Mark Zuckerberg
The robotic nerd depicted in “The Social Network” has turned into the kinder, more accessible face of Silicon Valley. What’s going on?The New York Times - Tech -
Klimt portrait lost for nearly 100 years auctioned for $32 million
Gustav Klimt's "Portrait of Fräulein Lieser," which went missing after its owners fled Austria after 1930, was auctioned off for $32 million.CBS News - World -
Klimt portrait lost for nearly 100 years auctioned for $32 million
Gustav Klimt's "Portrait of Fräulein Lieser," which went missing after its owners fled Austria after 1930, was auctioned off for $32 million.CBS News - Top stories -
How TikTok Helped This Beauty Brand Break $100 Million in Sales
The Beachwaver Co., a bootstrapped family business, has leveraged social media to drive fast growth.Inc. - Business - Tiktok -
More than 100 pilot whales are rescued after being stranded in Western Australia
More than 100 long-finned pilot whales that beached on the western Australian coast have returned to sea, while 31 died on the shore, a whale researcher said.NBC News - Top stories - Australia -
Continental fined 100 million euros for role in VW emissions scandal
Continental accepted a fine of 100 million euros ($107 million) from a German prosecutor’s office for its role in the Volkswagen emissions-cheating scandal of 2015.MarketWatch - Business -
29 whales dead after stranding in Australia; over 100 rescued
A mass stranding of long-finned pilot whales in Western Australia led to the deaths of 29 of the creatures that beached near a tourist town.CBS News - World -
29 whales dead after stranding in Australia; over 100 rescued
A mass stranding of long-finned pilot whales in Western Australia led to the deaths of 29 of the creatures that beached near a tourist town.CBS News - Top stories -
100+ arrested when protesters, police clash at Emerson College in Boston
More than 100 people were arrested overnight after a pro-Palestinian protest that broke out at Emerson College. Boston police said in a statement 108 people were arrested, with four injuries among police officers. There were three minor injuries ...The Hill - Politics